DuPont investors to vote on Trian demands on May 13
(Reuters) – DuPont, embroiled in a proxy war with activist investor Trian Fund Management LP for board seats, said it would hold its annual shareholder meeting on May 13.
U.S. homes sales up marginally; supply a constraint
WASHINGTON (Reuters) – U.S. home resales rebounded modestly in February as a persistent shortage of properties on the market spurred the biggest price jump in a year, a trend that could undermine the spring selling season.
Buffett tells foreign investors good profits to be made in U.S
WASHINGTON (Reuters) – Berkshire Hathaway Inc Chief Executive Officer and Chairman Warren Buffett said on Monday the U.S. economy and investment climate are a tailwind for his companies’ success and encouraged foreign investors to jump in too.
Carlyle CEO says strong U.S. dollar won’t deter long term investors
WASHINGTON (Reuters) – The strong U.S. dollar may temporarily deter some companies from investing in the United States, but the country will continue to attract foreign investment, the Carlyle Group co-chief executive David Rubenstein said on Monday.
Merrill Lynch fined $2.5 million in Massachusetts
BOSTON (Reuters) – Massachusetts’ top securities regulator on Monday said that he has fined Bank of America’s Merrill Lynch unit $2.5 million for failing to stick to its own compliance rules.
Volkswagen to cut working hours, jobs at Russian plant
MOSCOW (Reuters) – Volkswagen will reduce shifts and lay off at least 150 workers at its Russian car plant, the German car producer said on Monday, to try to cut costs in a market downturn.
Online ad revenue at risk in war on ‘click fraud’
NEW YORK/BOSTON (Reuters) – A growing number of U.S. companies, including MillerCoors and AIG, are stepping up the battle against online ad fraud by demanding proof that their ads have been seen by real people instead of computers hijacked by cybercrim…
More change at Tesco as senior independent director quits
LONDON (Reuters) – The senior independent director of Tesco is to quit, bringing yet more change to the board make-up of Britain’s biggest retailer.
China to reap Alibaba windfall as tightens up on tax
HONG KONG (Reuters) – China could make billions of dollars from taxing gains made by employees of e-commerce giant Alibaba Group who are free to sell their shares for the first time since its IPO, as the country tightens up its leaky mechanisms for tax…
U.S. hedge fund prepares challenge to Bollore’s Vivendi: FT
PARIS (Reuters) – The U.S. hedge fund P Schoenfeld Asset Management is weighing a challenge to the strategy of Vincent Bollore, the powerful chairman and largest shareholder of Vivendi , at the group’s upcoming shareholder meeting, wrote the Financial …
